( 於百慕達成立之有限公司 ) ( 股份代號 : 1682) 百慕達主要股份登記及過戶處之變更 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容 而產生或因依賴該等內容而引致的任何損失承擔任何責任。 HANG PIN LIVING TECHNOLOGY COMPANY LIMITED 杭 品 生 活 科 技 股 份 有 限 公 司 Conyers Corporate Services (Bermuda) Limited Clarendon House, 2 Church Street Hamilton HM11 Bermuda 卓佳秘書商務有限公司（「卓佳」）仍為本公司之香港股份登記及過戶處，而於香港 進行股份過戶登記的申請須送交卓佳，其地址為香港夏愨道16號遠東金融中心17樓。 承董事會命 杭品生活科技股份有限公司 林繼陽 行政總裁兼執行董事 香港, 二零二四年十二月十二日 截至本公告日期，本公司執行董事為林繼陽先生、吳凱先生及張凱原先生；獨立非 執行董事為陳健先生、周致人先生及黃冰芬女士。 杭品生活科 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不對因本公告全部或任何部分內容而 產生或因倚賴該等內容而引致的任何損失承擔任何責任。 HANG PIN LIVING TECHNOLOGY COMPANY LIMITED 杭 品 生 活 科 技 股 份 有 限 公 司 ( 於百慕達註冊成立的有限公司 ) （股份代號：1682） 更改總部及香港主要營業地點之地址 杭品生活科技股份有限公司 行政總裁兼執行董事 林繼陽 香港，二零二四年十二月六日 於本公告日期，董事會包括執行董事林繼陽先生、吳凱先生及張凱原先生；獨立非執 行董事陳健先生、周致人先生及黃冰芬女士。 杭品生活科技股份有限公司（「本公司」）董事會（「董事會」）謹此宣佈， 自二零二四年十二月七日起，本公司之總部及香港主要營業地點之地址將更改 為： 香港 上環 干諾道中168-200號 信德中心西座 33樓3309室 本公司之聯繫電話號碼和傳真號碼將維持不變。 承董事會命 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容 而產生或 因倚賴該等內容而引致的任何損失承擔任何責任。 本公司董事（「董事」）會（「董事會」）謹此知會本公司股東（「股東」）及 潛在投資者，根據本集團管理層所作之初步評估及本集團截至二零二四年九月三 十日止六個月之未經審核綜合管理帳目，預期截至二零二四年九月三十日止六個 月本集團將錄得于約3.78百萬港元之利潤淨額，代表從二零二三年同期之未經審 核綜合虧損約2.15百萬港元扭虧為盈。根據目前獲得的資料，有關扭虧為盈乃主 要源自（i）透過損益按公平值計量之金融資產之公平值變動之收益約5.49百萬 港元；及（ii）行政和營運費用減少。 本公司仍正落實本集團截至二零二四年九月三十日止六個月之中期業績。上文所 載之資料僅基於董事會就目前可獲取的資料（包括截至二零二四年九月三十日止 中期之本集團管理帳目，其須待調整及定稿，且未經本公司獨立核數師審核或本 公司審核委員會審閱）之最新評估。本公司截至二零二四年九月三十日止六個月 之中期業績公告預期將於二零二四年十一月底刊 ...

董事會會議日期 杭品生活科技股份有限公司（「本公司」）董事會（「董事會」）謹此宣佈將於二零二 四年十一月二十二日（星期五）舉行董事會會議，藉以（其中包括）（i）考慮及批准本 公司及其附屬公司截至二零二四年九月三十日止六個月之未經審核中期業績及其刊發， 以及（ii）考慮派發中期股息（如有）。 承董事會命 杭品生活科技股份有限公司 行政總裁兼執行董事 林繼陽 香港，二零二四年十一月七日 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不對因本公告全部或任何部份內容而 產生或因倚賴該等內容而引致的任何損失承擔任何責任。 HANG PIN LIVING TECHNOLOGY COMPANY LIMITED 杭 品 生 活 科 技 股 份 有 限 公 司 （ 於百慕達註冊成立之有限公司） （ 股份代號： 1682） 於本公告日期，董事會包括執行董事林繼陽先生、吳凱先生及張凱原先生；獨立非執行 董事陳健先生、周致人先生及黃冰芬女士。 ...

Financial Performance - The company's revenue for the reporting period was approximately HKD 96,691,000, a decrease of about 21.5% compared to HKD 123,210,000 in the previous year[51]. - The garment procurement revenue was approximately HKD 95,311,000, down approximately 19.71% from HKD 118,710,000 in the previous year[51]. - The financial services revenue was approximately HKD 1,380,000, a significant decrease from HKD 4,500,000 in the previous year[51]. - The gross profit margin was approximately 2.09%, a decrease of about 2.39 percentage points from 4.48% in the previous year[51]. - Administrative expenses increased by approximately 2.32% to about HKD 13,683,000, compared to HKD 13,373,000 in the previous year[51]. - The expected credit loss reversal was approximately HKD 152,000, down from HKD 917,000 in the previous year[51]. - The income tax reversal was approximately HKD 3,000,000, primarily due to the reversal of over-provisioned tax expenses from prior years[51]. - The company reported a loss attributable to shareholders of approximately HKD 3,655,000, an improvement from a loss of HKD 5,509,000 in the previous year[51]. - The company's reserves available for distribution to shareholders as of March 31, 2024, amounted to HKD 32,577,000, a decrease from HKD 37,874,000 in 2023[115]. Economic Outlook - China's economy grew by 5.2% in 2023, higher than previous forecasts, but the recovery in the apparel industry remains slow due to global economic challenges[22]. - The IMF forecasts global economic growth to remain at 3.2% for 2024 and 2025, with inflation expected to decline from 6.8% in 2023 to 5.9% in 2024[25]. - The economic outlook for Hong Kong in 2024 predicts a GDP growth of 2.5% to 3.5%[48]. - The geopolitical tensions and high interest rates are expected to add uncertainty to the global economic outlook, despite efforts by the Chinese government to stabilize the economy[27]. - The group maintains a cautiously optimistic outlook for long-term business prospects, anticipating gradual revenue improvement as inflation and inventory destocking pressures ease[27]. Business Strategy and Operations - The group has been expanding its financial services business since 2018, focusing on asset management, leasing, and lending, to diversify revenue sources[23]. - The group is closely monitoring market conditions to assess impacts on operations and financial performance[27]. - The company aims to enhance operational standards and seek new business opportunities to expand profit channels[49]. - The company’s business operations are primarily conducted through its subsidiaries in Hong Kong and mainland China[146]. - The company has a strong governance structure with experienced board members in various financial and management roles[94]. Financial Position and Liquidity - The group reported a current ratio of 5.93:1 as of March 31, 2024, compared to 2.85:1 on March 31, 2023, indicating a healthy financial position[31]. - As of March 31, 2024, the total assets of the group were approximately HKD 105,749,000, a decrease from approximately HKD 140,401,000 as of March 31, 2023[52]. - Cash and cash equivalents amounted to approximately HKD 60,238,000, up from approximately HKD 32,110,000 as of March 31, 2023[52]. - The group maintained a strong liquidity position throughout the reporting period, with current liabilities of approximately HKD 17,658,000, down from approximately HKD 49,051,000 as of March 31, 2023[52][53]. - The group has no bank or other borrowings as of March 31, 2024, maintaining a conservative financial management strategy[53]. Shareholder Information - Major shareholders include Mr. Wu Lianghao with 13.23% (103,950,000 shares) and Mr. Wu Zilun with 6.38% (50,173,000 shares) as of March 31, 2024[151]. - The total number of shares issued as of March 31, 2024, is 785,927,000[153]. - The board of directors decided not to declare any final dividend for the year ending March 31, 2024, consistent with the previous year[138]. - The board's dividend policy aims to allow shareholders to share in profits while retaining sufficient reserves for future development[117]. Risk Management - The group continues to evaluate its clients' credit and financial conditions to minimize credit risk[53]. - The company faces various risks and uncertainties, which are described in detail in the management discussion and analysis section[136]. - The financial risks are detailed in the "Management Discussion and Analysis" section of the report[111]. Compliance and Governance - The company has complied with the listing rules regarding the reporting of its financial status[111]. - The company has complied with the disclosure requirements under Chapter 14A of the Listing Rules regarding related party transactions[166]. - The company has confirmed the independence of all independent non-executive directors as of March 31, 2024, in accordance with Listing Rule 3.13[148]. - There were no significant violations of applicable laws and regulations that would materially affect the company's business and operations during the reporting period[167]. Investments and Acquisitions - The group has no significant capital commitments or plans for major investments as of March 31, 2024[62][85]. - There were no significant acquisitions or disposals related to subsidiaries, associates, and joint ventures during the reporting period[84]. - The company has not engaged in any purchases, redemptions, or sales of its listed securities during the reporting period[120]. Stock Options and Employee Information - The company has a stock option plan that was adopted on June 2, 2010, aimed at rewarding eligible participants[154]. - The total number of stock options granted under the plan as of January 16, 2018, is 22,068,000 shares, representing approximately 3.36% of the company's issued share capital[186]. - The total number of employees as of March 31, 2024, was approximately 22, with total salary and related costs around HKD 8,054,000, compared to HKD 8,152,000 in the previous year[73].

Financial Performance - Revenue for the year ended March 31, 2024, was HKD 96,691,000, a decrease of 21.5% compared to HKD 123,210,000 in 2023[2] - Gross profit for the same period was HKD 2,309,000, down 58.3% from HKD 5,522,000 in the previous year[2] - The company reported a pre-tax loss of HKD 6,655,000, compared to a loss of HKD 5,509,000 in 2023, indicating a worsening of 20.8%[2] - The net loss attributable to owners of the company was HKD 3,655,000, an improvement from a loss of HKD 5,509,000 in the previous year[4] - The basic and diluted loss per share improved to HKD 0.47 from HKD 0.70, indicating a reduction in loss per share of 32.9%[4] - The company recorded other income and gains of HKD 4,725,000, significantly higher than HKD 1,591,000 in the previous year, an increase of 196.5%[2] - Revenue from garment procurement decreased to HKD 95,311 thousand, down 19.6% from HKD 118,710 thousand in the previous year[18] - Interest income from receivables dropped significantly to HKD 1,380 thousand, a decline of 69.4% compared to HKD 4,500 thousand in the previous year[18] - The company reported a total loss before tax of HKD 6,655 thousand for the fiscal year ending March 31, 2024, compared to a loss of HKD 5,509 thousand in the previous year[25][27] Assets and Liabilities - Total assets decreased to HKD 104,687,000 from HKD 139,639,000, reflecting a decline of 25.1%[6] - The company’s total assets as of March 31, 2024, amounted to HKD 105,749 thousand, a decrease from HKD 140,401 thousand as of March 31, 2023[28][30] - Total liabilities as of March 31, 2024, were HKD 17,658 thousand, compared to HKD 49,051 thousand in the previous year[28][30] - Trade receivables from customer contracts decreased significantly to HKD 13,646,000 in 2024 from HKD 42,239,000 in 2023, indicating a reduction in outstanding receivables[41] - Trade payables also saw a decrease, falling to HKD 13,500,000 in 2024 from HKD 41,821,000 in 2023, reflecting improved cash flow management[44] Equity and Financial Stability - The company’s total equity decreased to HKD 88,091,000 from HKD 91,350,000, a decline of 3.5%[6] - The current ratio was 5.93:1, indicating a healthy liquidity position compared to 2.85:1 in the previous year[58] - The company did not declare or recommend any dividends for the years ending 2024 and 2023, maintaining a focus on financial stability[39] - The total employee costs for 2024 were HKD 8,054,000, slightly down from HKD 8,152,000 in 2023, reflecting cost control measures[37] - The company has maintained a prudent financial management strategy to ensure a stable liquidity position[59] Business Strategy and Market Conditions - The company plans to continue focusing on garment procurement and financial services, with no specific new product or market expansion strategies mentioned in the report[8] - The financial services segment, initiated in 2018, aims to diversify revenue sources and expand in the Hong Kong and mainland China markets, focusing on asset management and lending services[52] - The global economic recovery remains challenging, with inflation high and geopolitical tensions affecting market confidence, particularly in the apparel sector[48] - China's economy grew by 5.2% in 2023, surpassing previous forecasts, but the apparel industry faced significant export declines to Europe and the US due to supply chain restructuring and weak consumer sentiment[49] - Hong Kong's economy showed a recovery with a GDP growth of 3.2% in 2023, although external demand for goods continued to weaken, impacting overall revenue[50][51] Compliance and Governance - The company has maintained compliance with all provisions of the corporate governance code for the year ended March 31, 2024, with some deviations noted[77] - The company has established a code of conduct for directors regarding securities trading, ensuring compliance with the standards set forth in the listing rules[83] - The board of directors includes executive directors Lin Jiyang and Zhang Kaiyuan, along with independent non-executive directors Lin Jiali, Chen Jian, and Zhou Zhiren[85] - The audit committee held two meetings during the year ended March 31, 2024, addressing key matters including the review of the audited consolidated financial statements[81][82] - The effectiveness of the risk management and internal control systems is assessed in conjunction with external auditors[86] Future Outlook - The IMF forecasts global economic growth to remain at 3.2% for 2024 and 2025, with developed economies slightly accelerating while emerging markets face a slowdown[53] - Hong Kong's GDP is projected to grow between 2.5% and 3.5% in 2024, with inflation rates expected at 1.7% for basic and 2.4% for overall consumer prices[54] - The group aims to enhance its core business operations while seeking new opportunities to expand profit channels[55] - The group is closely monitoring market conditions to assess impacts on operations and financial performance amid economic uncertainties[55]

Retail Market Performance - The group reported a significant decline in the retail market, with a 6.5% year-on-year drop in sales of clothing, shoes, and textiles in China[11]. - The overall retail sales in China decreased by 0.2% year-on-year, reflecting weak consumer sentiment and economic pressure[11]. - The retail market in Hong Kong remained unstable, with slow recovery in consumer spending due to the lingering effects of COVID-19[11]. - The overall economic growth in China was only 3.0% in 2022, significantly below the expected 5.5%[11]. Financial Performance - The group's revenue for the reporting period was approximately HKD 61,051,000, an increase of about 2.77% compared to HKD 58,419,000 in the previous year[21]. - The revenue from apparel procurement was approximately HKD 59,726,000, representing a growth of about 6.34% from HKD 56,163,000 in the previous year[21]. - The gross profit margin decreased to approximately 3.11%, down by about 1.62 percentage points from 4.73% in the previous year[21]. - The group reported a loss attributable to shareholders of approximately HKD 2,150,000, an improvement from a loss of HKD 3,713,000 in the previous year[21]. - Revenue for the six months ended September 30, 2023, was HKD 61,051,000, an increase of 2.8% compared to HKD 58,419,000 for the same period in 2022[75]. - Gross profit decreased to HKD 1,900,000, down 31.2% from HKD 2,763,000 year-on-year[75]. - The company reported a loss before tax of HKD 2,150,000, an improvement from a loss of HKD 3,713,000 in the previous year, representing a 42.2% reduction in losses[75]. - The diluted loss per share improved to HKD 0.27 from HKD 0.47 year-on-year, reflecting a 42.6% reduction in loss per share[75]. - The operating loss for the six months ended September 30, 2023, was HKD 2,150,000, an improvement from an operating loss of HKD 3,713,000 in the previous year[89][90]. - The company reported a net loss attributable to shareholders of HKD 2,150,000 for the six months ended September 30, 2023, compared to a net loss of HKD 3,713,000 in the same period last year[97]. Asset and Liquidity Management - As of September 30, 2023, the group's total assets were approximately HKD 103,584,000, down from HKD 140,401,000 as of March 31, 2023[23]. - The current ratio improved to 7.32:1 as of September 30, 2023, compared to 2.85:1 as of March 31, 2023, indicating a healthy liquidity position[23]. - The group maintained a prudent financial management strategy, ensuring a stable liquidity position throughout the reporting period[24]. - The group has no bank or other borrowings as of September 30, 2023, resulting in a reported debt ratio of zero[23]. - Cash and cash equivalents increased to HKD 34,531,000 from HKD 32,110,000, reflecting a net increase of HKD 2,421,000 during the period[80]. - The company’s total equity as of September 30, 2023, was HKD 89,609,000, down from HKD 91,350,000, a decrease of 1.9%[77]. Strategic Initiatives - The group adjusted its sales strategy to a low-margin, high-volume approach, which helped stabilize business operations despite ongoing challenges[12]. - The group aims to diversify its revenue sources through financial services, particularly in the lending sector, which is expected to benefit shareholders[14]. - The group is focusing on selecting reputable suppliers to promote sustainable business growth amid challenging market conditions[9]. - The group is enhancing its financial product offerings to capture market opportunities in both Hong Kong and mainland China[14]. - The group aims to enhance operational standards in its two main businesses while seeking new opportunities to expand profit channels[20]. Lending and Credit Management - The group has not recorded any borrower defaults in its lending business for the six months ending September 30, 2023[14]. - The company has implemented a credit risk assessment policy for its lending business, requiring detailed financial information from potential borrowers, including income sources and outstanding loans[28]. - The company uses a Debt-to-Income (DTI) ratio as a decision-making tool, rejecting applications with a DTI over 80% unless approved by the board, and ensuring DTI does not exceed 90%[30]. - The company actively monitors loan repayments and conducts quarterly reviews to identify any overdue payments, reporting to the credit committee[31]. - The company evaluates potential borrowers using an internal credit rating system, considering historical credit information and repayment history[38]. Shareholder and Governance Information - The board did not recommend any interim dividend for the six months ended September 30, 2023, consistent with the previous year[8]. - Major shareholders include Mr. Wu Lianghao with 103,950,000 shares (13.23%) and Mr. Wu Zilun with 50,173,000 shares (6.38%) as of September 30, 2023[12]. - The company has complied with all provisions of the Corporate Governance Code during the reporting period, with some deviations noted[59]. - The audit committee consists of three independent non-executive directors, who reviewed the unaudited interim financial statements for the six months ending September 30, 2023[63]. - The company has not established an internal audit function due to considerations of scale and cost-effectiveness, but the audit committee reviews the internal control systems annually[59]. Legal and Contingent Liabilities - The company is required to pay a total amount of approximately RMB 48,400,000 (equivalent to about HKD 52,600,000) as per the judgment registered in the Hong Kong High Court[109]. - The company has been held responsible for 50% of the debt owed by the borrowers, amounting to RMB 12,000,000 and RMB 38,000,000, despite the guarantee being deemed invalid[107]. - The company filed an application to revoke the registration of the judgment within 30 days of notification, indicating ongoing legal proceedings[109]. - The company has no contingent liabilities as of September 30, 2023, indicating a stable financial position[39]. - The company has no mortgaged assets as of September 30, 2023, reflecting a strong asset base[37].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不對因本公告全部或任何部分內容而 產生或因倚賴該等內容而引致的任何損失承擔任何責任。 HANG PIN LIVING TECHNOLOGY COMPANY LIMITED 杭 品 生 活 科 技 股 份 有 限 公 司 （於百慕達註冊成立的有限公司） （股份代號：1682） 中期業績公告 截至二零二三年九月三十日止六個月 未經審核中期業績 杭品生活科技股份有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈，本 公司及其不時之附屬公司（統稱「本集團」）於截至二零二三年九月三十日止六個月 （「報告期」）之未經審核綜合業績連同上一相應期間之比較數字。 ...

Economic Challenges - The company faced significant challenges in the garment procurement segment due to geopolitical tensions and high inflation, leading to a decrease in consumer spending power and overall demand for textiles [8]. - In 2022, China's GDP growth was only 3.0%, significantly below the expected 5.5%, impacting the retail market, with clothing and textile sales declining by 6.5% [12]. - The group anticipates that customer demand will remain weak in the short term due to economic uncertainties, including high inflation and geopolitical tensions [23]. Financial Performance - The group's revenue for the reporting period was approximately HKD 123,210,000, a slight increase of 0.71% from HKD 122,339,000 in 2022 [26]. - The gross profit margin decreased to approximately 4.48%, down by 0.53 percentage points from 5.01% in 2022 [26]. - The group reported a loss attributable to owners of approximately HKD 5,509,000, an improvement from a loss of HKD 12,673,000 in 2022 [26]. Operational Adjustments - The company adjusted its sales strategy to a low-margin, high-volume approach, which helped stabilize business conditions, resulting in overall sales improvement compared to the previous year [13]. - The financial services segment, including asset management and lending, was expanded to diversify revenue sources, with a focus on the Hong Kong and mainland China markets [14]. - The lending business, operated by a wholly-owned subsidiary, reported no defaults on interest or principal during the reporting period, indicating a stable credit environment [17]. Asset Management - As of March 31, 2023, total assets were approximately HKD 140,401,000, up from HKD 135,124,000 a year earlier [27]. - The current ratio was 2.85:1, indicating a healthy liquidity position, slightly down from 2.87:1 in 2022 [27]. - The group maintained no bank or other borrowings as of March 31, 2023, consistent with the previous year [27]. Employee and Administrative Costs - Administrative expenses increased by approximately 17.17% to HKD 13,373,000, compared to HKD 11,413,000 in 2022 [26]. - The total salary and related costs for employees amounted to approximately HKD 8,152,000 for the year ending March 31, 2023, an increase from HKD 5,898,000 in the previous year [45]. - The group employs approximately 25 staff members (excluding directors), indicating a relatively small workforce [45]. Investment Strategy - The group maintains a low-risk investment strategy aimed at generating stable returns and improving capital utilization [51]. - The fair value of the investment in SenseTime Group is HKD 2,660,000, representing 1.89% of total assets [46]. - The group continues to focus on diversifying investments to achieve stable returns [51]. Corporate Governance - The company has adhered to all corporate governance code provisions for the year ending March 31, 2023, with no significant violations reported [143]. - The company has not established an internal audit function due to considerations of scale and cost-effectiveness, relying instead on the audit committee to review internal control systems annually [135]. - The board of directors is committed to ensuring sufficient reserves for future development while allowing shareholders to share in the company's profits [79]. Risk Management - The risk management policy aims to enhance risk management and ensure business continuity while maintaining the company's healthy development [170]. - The company has established a risk assessment and management program to identify potential risks related to unrealized goals [176]. - The board is responsible for overseeing the internal control system to protect the company's assets and shareholders' interests [177]. Shareholder Communication - The company has a policy to facilitate effective communication between the company and its investors and shareholders [179]. - The board is satisfied with the effective implementation of the shareholder communication policy during the reporting period [182]. - Shareholders have the right to request the convening of a special general meeting under specified conditions [184]. Audit and Compliance - The independent auditor confirmed that the consolidated financial statements reflect the group's financial position and performance accurately as of March 31, 2023 [193]. - The audit identified the assessment of impairment of accounts receivable as a key audit matter due to its significance in the overall financial statements [198]. - The group must ensure compliance with the Hong Kong Companies Ordinance in preparing financial statements [193].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不對因本公告全部或任何部 分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 HANG PIN LIVING TECHNOLOGY COMPANY LIMITED 杭品生活科技股份有限公司 （於百慕達註冊成立的有限公司） （股份代號：1682） 年度業績公告 截至二零二三年三月三十一日止年度 年度業績 杭品生活科技股份有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈，本 公司及其附屬公司（統稱「本集團」）於截至二零二三年三月三十一日（「報告期」）止 年度之經審核綜合業績連同去年之比較數字如下： 綜合損益及其他全面收益表 截至二零二三年三月三十一日止年度 二零二三年 二零二二年 附註 千港元 千港元 收入 4 123,210 122,339 銷售成本 (117,688) (116,211) 毛利 5,522 6,128 其他收入及其他收益 6 1,591 (3,922) ...